Fast ZigZag with DiNapoli Targets and Stop Levels

Summary

This indicator combines a fast ZigZag with plotted DiNapoli target levels. It marks a possible stop-loss level in red, followed by a start line and three successive target lines. The display also includes vertical lines aligned with corresponding points in time, and an input setting can turn those lines off.

When ZigZag direction changes, the indicator can play a sound alert. The description explains what the tool draws and how its display can be adjusted, but it does not specify the calculations behind the ZigZag or target levels, give trading rules for entering or exiting positions, or present performance evidence. ZigZag turning points can change as new prices arrive, so the description alone does not establish how stable the plotted levels are in live use. Traders would need to check the indicator’s behavior and define their own risk and execution rules before relying on its levels.

Key ideas

• The indicator combines a fast ZigZag with DiNapoli start, target, and possible stop-loss levels.
• It plots three target levels in sequence after the start line.
• Optional vertical lines mark related points in time.
• A sound alert can be triggered when ZigZag direction changes.
• The document does not give trading rules or evidence of performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.